Autodesk Eyes ‘Adobe-Like’ Cloud Transition; Stock Up

By | February 27, 2014

Scalper1 News

Autodesk (ADSK) forecast current-quarter and fiscal 2015 revenue above analyst consensus estimates, sending shares up to an all-time high on views its transition to new a software licensing model and cloud-based products has gained traction. Though some analyst are cautious on the outlook for new subscriber additions, Autodesk shares were up 2.5% in early trading in the stock market today, near 56.75. Autodesk stock is up 55% in the past 52 weeks. Scalper1 News

Scalper1 News